SB 0558 Establishes liability for tax-exempt entity which uses improper project exemption certificates
Sponsor:Wiggins
LR Number:S2545.01T Fiscal Note:2545-01
Committee:Ways and Means
Last Action:06/30/98 - Signed by Governor Journal page:
Title:
Effective Date:August 28, 1998
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Current Bill Summary

SB 558 - If a tax-exempt entity issues project exemption certificates for the purchase of tangible personal property and materials which are incorporated into or consumed in the construction of its project and the entity is subsequently found not to have the authority to issue such certificates, or if the property and materials are not related to the entity's exempt functions and activities, the issuing entity shall be liable for the sales tax on such property.
RUSS HEMBREE